StarryNift Integrated OKX X1 Network
The StarryNift team has been dedicatedly integrating cutting-edge technology and exploring innovative solutions. We are excited to share the latest tech updates regarding the OKX X1 Network and Starryswap with you.
X1 Network Integration
We are excited to announce that StarryNift has joined the X1 Network Ecosystem and will introduce it to you.
X1 is a Zero-Knowledge (ZK) Ethereum Layer 2 (L2) and is built with the Polygon Chain Development Kit (CDK) as part of a strategic collaboration between OKX and Polygon Labs.
Let’s delve into the main features of X1 Network:
Bringing the OKX and Polygon ecosystems together
Both companies will continue to contribute to the development of the Polygon Chain Development Kit (CDK), enhancing the user experience while giving builders native access to the most advanced technology stack available. Collaboration between the OKX and Polygon builder communities will result in better outcomes, more developer attention, innovation, more projects built on X1 and ultimately more users.
The power of OKX
OKX is one of the world’s largest crypto ecosystems, with over 50 million users with billions in assets on the platform. Using OKB as the X1 native token, users can move value seamlessly between OKX and X1. This is an instant advantage for X1 as it looks to grow the Web3 community to new heights.
Ethereum compatibility
X1 is Ethereum compatible, which means that all existing EVM smart contracts, developer tools and wallets can work seamlessly on X1 with zero code rework required. In a nutshell, existing DApps can be migrated to X1 at zero cost.
Low cost
X1 uses improved zkSNARK to make transactions more compact and therefore cheaper. This cost saving is passed on to developers and end users, which serves to make their experience smoother and more enjoyable.
High performance
X1 ensures transactions are confirmed swiftly, sparing users the long wait times commonly associated with other networks. This transaction speed is possible because X1 is powered by one of the fastest ZK proof algorithms and the most advanced hardware cluster in the world.
Starryswap
Due to the explosive growth of DeFi, multiple assets were introduced into Web3 world as anchor coins, such as USDC and USDV. Theoretically, the swap ratio between these tokens should be 1:1 given that they are effectively backed by the same underlying assets. However, for the current DEX in the market, this fundamental point was not fully considered when designing the exchange protocol, thereby causing unnecessary high costs for users because of the slippage.
StarrySwap is a novel single pool liquidity protocol specialized in same backed assets with low-cost zero-slippage swapping and aims to solve the issues of existing protocols. Our unique design and algorithm allow the swap ratio of the same backed asset to be fixed at 1:1 most of the time, and meanwhile make the gas fee 80% lower than existing projects.
StarryNift
StarryNift combines cutting-edge technology with innovative features to create a virtual world where users can connect, express themselves and explore endless possibilities. Through the integration of multiple devices and chains, incubation of original IPs, development of interoperable spaces, implementation of Decentralized Identifier (DID) protocols and the introduction of social features, official launchpad and a marketplace, swap, StarryNift aims to establish the ultimate gateway to a more connected, expressive, creative and inclusive metaverse.
We are delighted to integrate X1 Network into StarryNift, as it allows us to deliver improved performance, substantial cost savings, and a more enjoyable user experience for all StarryNift enthusiasts.
To celebrate the integration of X1 Network, in addition to participating in the X1 Network Odyssey campaign, we are also going to host the StarryNift & X1 Testnet Campaigns. The participants who complete quests are eligible to claim a StarryNift & X1 badge, StarryNift Citizenship card XP bonus, and 3D Space NFT. More Starryswap information and events will gradually be released.
About StarryNift
